CNBX Pharmaceuticals Inc (CNBX)

[jim992]

I am one of those long-term guys you mention. I researched it for about a year in 2014. Bought in in early 2015 with an initial investment of $ 12,000. There was a point when CNBX had around $ 8,000 left in operating capital. A year or so later, over thirty-five million dollars in the war chest. Two approved drugs, multiple promising studies, the price was going from pennies to dollars.

In February of 2017, I had sold some over time as it had gone over $ 3 a share, but suddenly shot to $ 7.48 a share and I had $ 250,000 to show for my investment. I of course thought we were in great shape, as it had been going up for months.

Then an article was written saying the meteoric rise was drawing SEC scrutiny. If the writer were an honest man, he would have acknowledged all stocks that rise that fast are reviewed by the SEC, but he chose to make it sound ominous.

We rode the $ 7 for a few days and then plummeted and you cannot even find that price listed in the history of the stock on those dates on most financial pages.

It's amazing what some misleading press can do. And with that, they have just bungled again and again.

I agree, it does seem dead.

Take care, Jim